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Breaking up income is hard to do

Q. For both parents to be working someone needs to be looking after the kids. It has cost us over $1000 a month - a child - for full-time daycare.

Tuesday, October 25th 2005, 7:53AM

by The Landlord

Do you build this into a tax-spreading system as discussed in last week's column? How?

Both parents can't work unless the children are cared for. If that's not possible, a skilled person may be lost to the workforce. And some people's mental health is better if they can work while raising a family.

Any tax-spreading system would be complicated, expensive and have unfair elements, as all tax regimes do.

Anyway, who says raising a family is so important?

I wouldn't be without mine, but it's not for everyone and surely that makes our world a better place.

I couldn't stand living in a society where we all had to have the same house, car, two-point-whatever kids and so on.

Variety is the spice of life and we should be encouraging it.

A. How about we add the childcare worker's pay to the parents' income, and split the tax three ways? Or, if the childcare worker also cares for other kids, split the taxes two and a fraction ways?

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ANZ Blueprint to Build 7.39 - - -
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BNZ - Rapid Repay 7.54 - - -
BNZ - Std 7.44 5.79 5.59 5.69
BNZ - TotalMoney 7.54 - - -
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CFML Standard Loans ▼8.80 - - -
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China Construction Bank Special - - - -
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Co-operative Bank - Owner Occ 6.95 5.79 5.59 5.69
Co-operative Bank - Standard 6.95 6.29 6.09 6.19
Credit Union Auckland 7.70 - - -
First Credit Union Special - 5.99 5.89 -
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Heartland Bank - Online 6.99 5.49 5.39 5.45
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society ▼8.15 ▼6.50 ▼6.30 -
ICBC 7.49 5.79 5.59 5.59
Kainga Ora 7.39 5.79 5.59 5.69
Kainga Ora - First Home Buyer Special - - - -
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Kiwibank 7.25 6.69 6.49 6.49
Kiwibank - Offset 7.25 - - -
Kiwibank Special 7.25 5.79 5.59 5.69
Liberty 8.59 8.69 8.79 8.94
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SBS FirstHome Combo 4.94 4.89 - -
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TSB Special 7.39 5.69 5.59 5.59
Unity 7.64 5.79 5.55 -
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